The Asia Pacific Automotive Aftermarket Glass Market would witness market growth of 5.1% CAGR during the forecast period (2019-2025). Countries in the Asia-Pacific region, such as China and India, are expected to be the fastest-growing automotive aftermarket glass market. Some of the main factors driving the growth of the market are increased sales of passenger cars in the Asia-Pacific countries, increased sales of luxury cars in China and India, and increased demand and preference for vehicle sun roofing (aftermarket segment, especially for low-cost vehicles). Despite the struggling economy, China is projected to continue to be the leader of the industry, with Japan being the hub of development in the automotive sector. These are influencing the growth of the car segment of the Asian market.
Technical advancements in vehicle connectivity, as well as collaborative safety systems for driverless cars, are projected to boost the sales. The current technological innovations have optimized vehicle designs such as cross curvature windows, asymmetrical shapes, and glass sweeping in a roofline. Increased use of telematics in vehicles and changes in consumer preference towards supreme comfort vehicles is creating a positive influence on the acoustic demand of acoustic windshields.
An acoustic windshield is a viscoelastic PVB interlayer that provides dynamic mechanical and damping features that lead to less excitation by incident sound. PVB interlayer enhances the acoustic performance of standard windshields. The improved performance features include resonant vibrations, coincident effect, and reduced noise levels. Nonetheless, fluctuations in the raw material prices with demand and supply gap will hamper the growth of the industry.
Based on Type, the market is segmented into Tempered, Laminated and Others. Based on Application, the market is segmented into Windscreen, Sidelite, Backlite and Others. Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Automotive Aftermarket Glass Market in Asia Pacific is expected to register a CAGR of 5.1% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Corning, Inc., Saint-Gobain Group, Magna International, Inc., Gentex Corporation, and Fuyao Glass Industry Group Co., Ltd., Guardian Industries Corporation (Koch Industries), Nippon Sheet Glass Co., Ltd., Xinyi Glass Holdings Limited, AGC, Inc., and Webasto Group.
Market Segmentation:
By Type
By Application
By Vehicle Type
By Country
Companies Profiled
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